Canada Markets open in 2 hrs 12 mins

Battered by overexpansion in the West, H&M is expanding into China

Marc Bain
Battered by overexpansion in the West, H&M is expanding into China

H&M’s years of investing too much money and energy in its physical stores—and not enough in its digital ones—are catching up with it. Throughout 2017 its business has looked sluggish as shoppers have increasingly passed over its brick-and-mortar locations. But H&M’s most recent quarter (pdf) was the worst yet. Sales were down more than 4%…